Tharani Haresh Acquires North Bay Village Office For $7M
1681 N Bay Cswy, North Bay Village, Florida 33141, United States
$7,000,000
$388/SF
Building Size
18,000 SF
Asset Type
Office
Closing
Jun 16, 2022
AI
The office property located at 1681 N Bay Causeway in North Bay Village has been sold. The transaction took place on June 17, 2022, with a sale price of $7,000,000. The property spans 18,000 square feet, resulting in a price per square foot of $389.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,000,000
- Address: 1681 N Bay Causeway
- Market: North Bay Village
The buyer of the property is Tharani Haresh, while the seller is Leaseflorida NBV represented by Jake & Alan Waserstein. The deal was facilitated by Sam Heskiel from Beachfront Realty.
Players
Miami Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93